During the Arlington County Board meeting on Tuesday, County Manager Mark Schwartz recommended allocating the leftover funds across three categories:
- $14.4 million set aside for FY 2021 budget deliberations
- $6.8 million towards the Economic & Revenue Stabilization Contingent
- $2 million for the County Manager Operating Contingent
Reserving $14.4 million for unallocated funds would give “the county some flexibility when weighing its future budget choices for FY 2021,” according to county budget director Richard Stephenson.
Staff said $6.8 million Schwartz recommended for the county’s reserve fund is important for maintaining Arlington’s high bond ratings. If approved, these funds would increase the county’s contributions to its reserve from 0.5% to 1% of the total operating budget.
“Bond ratings serve as an indicator of the county’s resiliency and ability to weather economic downturn and unusual catastrophic events,” said Maria Meredith, director of Arlington’s Department of Management and Finance, during Tuesday’s meeting.
The remaining $2 million for the County Manager Operating Contingent would be for addressing “unforeseen needs that arise during the fiscal year, such as contractual increases, repairs, or special projects,” said Stephenson.
“We’ve had this contingent set aside for awhile,” said Stephenson after the meeting. “For example, when Katie Cristol came on as Board Chair and wanted to start the Child Care Initiative, the money was there to do those things — without needing the redistribute the county budget.”
The $23.2 million carryover represents 2.7% of the county’s total FY 2019 budget, a slight increase from last year’s 2.6% carryover.
Until recent budget years, the Board would usually allocate its close-out surplus funds to a variety of initiatives, a practice that prompted some bipartisan criticism. Last year the Board mostly rolled over its leftover funds to the next year’s budget, while also adding to its reserves.
“We’ve done a much better job explaining the sources of these funds, and we’re getting much more responsible in [their] proposed uses,” said Dorsey.
County Board members added they welcome public comment on the issue throughout the month before they are scheduled to take action during their next meeting on Saturday, November 16.
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Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!
Sunday, Oct 9 @ 6pm
Special Guest: This wine dinner we will be hosting the wine maker